VAR surges, revenues tank at French banks hurt by volatility

Tumbling markets at end-2018 pummelled trading revenues at the largest French banks and sent value-at-risk metrics soaring, with BNP Paribas and Natixis taking the worst punishment. 

Fourth-quarter trading revenues at BNP Paribas, Crédit Agricole, Natixis and Societe Generale were €2.1 billion ($2.4 billion), down €1.2 billion (37%) on the year-ago quarter.

Natixis reported an eye-watering 97% fall in like-quarter trading revenues to just €11 million, BNP Paribas a 32% reduction to €650 million

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here